Southern Company (The) (NYSE:SO) Shares Bought by Vicus Capital

Vicus Capital increased its stake in Southern Company (The) (NYSE:SO) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 17,426 shares of the utilities provider’s stock after buying an additional 1,003 shares during the period. Vicus Capital’s holdings in Southern Company (The) were worth $834,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SO. Bartlett & Co. LLC increased its stake in shares of Southern Company (The) by 0.3% in the first quarter. Bartlett & Co. LLC now owns 4,799 shares of the utilities provider’s stock valued at $239,000 after buying an additional 14 shares during the last quarter. Sfmg LLC increased its stake in shares of Southern Company (The) by 0.4% in the first quarter. Sfmg LLC now owns 6,406 shares of the utilities provider’s stock valued at $319,000 after buying an additional 28 shares during the last quarter. Regal Investment Advisors LLC increased its stake in shares of Southern Company (The) by 0.4% in the first quarter. Regal Investment Advisors LLC now owns 7,990 shares of the utilities provider’s stock valued at $398,000 after buying an additional 29 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Southern Company (The) by 1.1% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 3,279 shares of the utilities provider’s stock valued at $163,000 after buying an additional 36 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in shares of Southern Company (The) by 0.6% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 7,011 shares of the utilities provider’s stock valued at $349,000 after buying an additional 45 shares during the last quarter. 53.57% of the stock is owned by institutional investors and hedge funds.

Shares of Southern Company (NYSE:SO) traded down 0.92% during trading on Friday, hitting $48.36. 1,571,080 shares of the stock traded hands. The company has a market cap of $48.33 billion, a P/E ratio of 79.54 and a beta of 0.12. The stock has a 50-day moving average of $48.14 and a 200 day moving average of $49.47. Southern Company has a 1-year low of $46.20 and a 1-year high of $53.73.

Southern Company (The) (NYSE:SO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Southern Company (The) had a net margin of 2.93% and a return on equity of 11.30%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the business earned $0.74 earnings per share. Southern Company (The)’s revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts predict that Southern Company will post $2.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 21st will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.75%. Southern Company (The)’s dividend payout ratio (DPR) is currently 346.27%.

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A number of research firms have issued reports on SO. Zacks Investment Research downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Barclays PLC reissued a “buy” rating and issued a $55.00 price objective on shares of Southern Company (The) in a report on Monday, May 15th. Credit Suisse Group raised shares of Southern Company (The) from an “underperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Morgan Stanley set a $50.00 price objective on shares of Southern Company (The) and gave the company a “sell” rating in a report on Thursday. Finally, BidaskClub downgraded shares of Southern Company (The) from a “hold” rating to a “sell” rating in a report on Thursday. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.79.

In other news, EVP Christopher C. Womack sold 75,144 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $49.29, for a total value of $3,703,847.76. Following the completion of the transaction, the executive vice president now directly owns 85,298 shares in the company, valued at $4,204,338.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ann P. Daiss sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $51.28, for a total transaction of $256,400.00. Following the completion of the transaction, the insider now owns 7,394 shares of the company’s stock, valued at $379,164.32. The disclosure for this sale can be found here. Insiders sold 152,084 shares of company stock valued at $7,665,158 over the last 90 days. 1.00% of the stock is owned by company insiders.

Southern Company (The) Company Profile

The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.

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